HF Advisory Group LLC Grows Stock Holdings in Diageo plc $DEO

HF Advisory Group LLC lifted its holdings in Diageo plc (NYSE:DEO) by 896.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,760 shares of the company’s stock after acquiring an additional 87,946 shares during the period. HF Advisory Group LLC’s holdings in Diageo were worth $8,434,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Diageo during the 2nd quarter valued at $26,000. Arlington Trust Co LLC raised its position in Diageo by 3,885.7% in the third quarter. Arlington Trust Co LLC now owns 279 shares of the company’s stock valued at $27,000 after purchasing an additional 272 shares during the period. Spire Wealth Management raised its position in Diageo by 123.6% in the fourth quarter. Spire Wealth Management now owns 322 shares of the company’s stock valued at $28,000 after purchasing an additional 178 shares during the period. New England Capital Financial Advisors LLC acquired a new position in shares of Diageo during the third quarter worth about $29,000. Finally, Texas Capital Bancshares Inc TX acquired a new position in shares of Diageo during the third quarter worth about $32,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Wall Street Analysts Forecast Growth

DEO has been the topic of several analyst reports. Zacks Research upgraded Diageo from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Barclays reiterated an “overweight” rating on shares of Diageo in a research note on Thursday, December 11th. Argus upgraded shares of Diageo to a “hold” rating in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Diageo in a research note on Wednesday, January 21st. Finally, Sanford C. Bernstein set a $124.00 price objective on shares of Diageo and gave the company an “outperform” rating in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Diageo presently has an average rating of “Hold” and an average target price of $116.50.

Diageo Price Performance

DEO stock opened at $74.69 on Thursday. The stock’s 50 day moving average is $86.79 and its two-hundred day moving average is $90.23. Diageo plc has a 52-week low of $72.45 and a 52-week high of $116.69. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.71 and a current ratio of 1.60.

Diageo Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 4th. Investors of record on Friday, April 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a yield of 207.0%.

About Diageo

Diageo plc is a global producer, marketer and distributor of alcoholic beverages, headquartered in London, England. The company was created through the 1997 merger of Guinness plc and Grand Metropolitan plc and is publicly traded on multiple exchanges, including the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange. Diageo operates a worldwide business, selling products in a broad range of markets across the Americas, Europe, Africa, Asia and Latin America.

Diageo’s core activities cover the production, marketing and sale of a diverse portfolio of spirits, beer and liqueurs.